Ryanair's Michael O'Leary Debuts at Paris Air Show

6/19/2013 8:23AM

Michael O'Leary, the chief executive of Ryanair, arrived at the Paris Air Show to sign a deal with Boeing for 175 new aircraft. He explained to Marietta Cauchi why he decided to buy Boeing instead of Airbus and his decision to grace the air show for the first time.

This transcript has been automatically generated and may not be 100% accurate.

I ... real ... yes I it's it's it's ... it's very special because we are today confirming answering the new order from seventy five brand new farm ... a Boeing seventy seven eight hundred series aircraft which would be delivered to Ryanair ... over the next five years in twenty fourteen to twenty feet ... that means that Europe's largest airline is going to increase in size for twenty five percent over the next five years ... it means moral fares for Europe's consumers ... Daniel this year that you can get ... we should be open to be fair to Boeing their great said to be making three aircraft for many years ... they've never missed an everyday use and I know at the Beverly upset ... with that the dynamics of the IPO which the economics of the Boeing seventy seven econ one hundred and eighteen million seats ... are superior to the easing trade even underneath he sees those nine extra seats ... are huge boulders frenetic I ... guess the main factor also you know it's a great aircraft are technically reliability ease among the best in the world to get the seventy seven new speaks for itself in terms of the day that the histories of aircraft ... I'm going to happen ... or was made in can teach him a grade of F ... and their bosses are eager to aircraft just doesn't have enough seats for a steal I think they did on all night ... when ... you say and the Baltic States and ... I would hope that we have a very competitive bidding process between Boeing and Airbus that we take whatever aircraft gave us the lowest operating costs per seat ... because lowest operating costs